Banking

Interface.ai raises $30M to help banks field customer requests

Fundraising /

Interface.ai, a customer automation platform for banks and other financial institutions, today announced that it closed a $30 million funding round led by Avataar Venture Partners. $20 million of the round was equity, while the remaining $10 million was in the form of debt. It’s Interface’s first outside capital; the startup had been completely bootstrapped. […]

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Fintech company Wise says some customers affected by Evolve Bank data breach

Fintech /

The money transfer and fintech company Wise announced on Friday that some of its customers’ personal data may have been stolen in the recent data breach at Evolve Bank and Trust.  The news highlights that the fallout from the Evolve data breach on third-party companies — and their customers and users —  is still unclear,

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Relay raises $32.2 million to help smaller businesses manage their cashflow

Fintech /

Owners of small- and medium-sized businesses check their bank balances daily to make financial decisions. But it’s entrepreneur Yoseph West’s assertion that there’s typically information and functions missing from bank accounts that owners could really use. “SMBs make up 44% of U.S. GDP, underpin the economy and have a deep impact on all of us,”

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Fintech Mercury, whose B2B business is caught up in regulatory scrutiny, expands into consumer banking

Fintech /

Business banking startup Mercury, founded in 2017, is now launching a consumer banking product. Mercury today serves more than 100,000 businesses, many of which are startups, via its B2B practice. The expansion is a natural move for the company and one that has been in the works for a couple of years, according to Immad

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